The Zoe Corporation has the following information for the month of  March. Determine the (a) cost of goods manufactured, and (b) cost of goods sold.

Cost of materials placed in productio                           $69,000
Direct labor                                                                27,000
Factory overhead                                                       34,000
Work in process, March 1                                         15,000
Work in process, March 31                                       19,500
Finished goods inventory, March 1                           25,000
Finished goods inventory, March 31                          23,000